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Sep 26, 2012 8:00pm PDT
institutions to take on more capital. and the fdic fought that tooth and nail -- >> eliot: you were throughout this cycle, it was leverage securitization playing with other people's money, bawl of the things -- you were one of the few voices even before it happened saying be careful this is dangerous. it is going to end ugly. and how were you dealt with then? >> not very well. >> eliot: you are being kind. >> this goes back to 2001 when i was the treasury we suggested to the fed -- we didn't even have mortgage lending standards, and they didn't want to use that authority. and then when i came back in 2006 to head the fdic i couldn't believe what i was seeing. sub prime is contained. remember that. we have a problem here but it's a small sector of the overall mortgage market and banks don't have that much exposure and nobody was looking at all of the trains of the derivatives. >> eliot: because these guys are smart. >> yes. >> eliot: listen then you have the bailout. >> yeah. >> eliot: and you are saying what do we do? at least structure the bailouts in a way that creates some piece
Sep 30, 2012 2:30am EDT
business during the financial crisis. my conversation with former fdic chair sheila bair and the story she couldn't tell while she was on the job. >> so many lives are lost every day because of lack of access to clean drinking water. >> the remarkable partnership between a renowned inventor and corporate america that could save untold lives. it's the real thing. the "wall street journal report" begins right now. >> this is america's number one financial news program, "wall street journal report." now maria bartiromo. >> here's a look at what is making news as we head to a new week on wall street. disappointing news on the broadest measure of the size and strength of the economy in america. the reading of the gross domestic product shows the economy grew at a rate of 1 1/3 percent for the quarter down the previous reading of 1.7%. much of the change due to poor farm production in the midwest because of a severe drought. the dow jones industrial average broke a four-day losing streak on thursday with the best day in two weeks after fresh concerns about europe eased. the markets wer
Sep 25, 2012 1:00pm EDT
system. >>> the bear growls. former fdic chairman shelia bair is in the house live. wait until you hear what she says about treasury secretary tim geithner in her new book. >>> and full disclosure, i am a green bay packers fan. the nfl says the results of last night's controversial monday night game is final. seattle beats green bay, yes, that's what i said. the bigger question remains though account nfl keep taking hits like the ones given to them by bad and misplaced calls by replacement refs? we will talk about that in a minute. first to my partner simon at the nyse. >> speaking for replacement anchors in for tyler, the "washington post," sue is reporting that the reading section, the scores for the reading section of the s.a.t. have now hit 40-year lows. the college board says that the clear majority, 57% of those undergoing the tests, did not even score enough to predict that they would succeed in college. as the networks of nbc focus on education here in the united states, we are also learning this hour that americans owe more on their student loans than they do on their cred
Sep 25, 2012 6:30pm PDT
bailout overdone? hear what a former top regulator says about the rescue. former fdic chairman sheila bair joins us. and if american airlines and its pilots strike a deal tomorrow, it could mean fewer delays for customers and the company's bankruptcy. that and more tonight on nbr! captioning sponsored by wpbt >> tom: some encouraging news tonight for the housing market and consumer confidence. first, housing-- a measurement of prices in 20 cities across the country rose four tenths of a percent in july. that's the sixth straight month of gains for the s&p case- shiller home price index. and consumer's are feeling more optimistic. the conference board's confidence index rose to 70.3 in september, marking its highest level since february. these two groups, consumers and housing, are significant because of their influence over the entire economy. >> with the improvement in consumer confidence, we think that consumer spending could pick up as we go into next year. especially since the housing market is showing signs of life and moem prices are starting to firm up. but the encouraging data
FOX News
Sep 25, 2012 4:00pm EDT
fdic holds nothing back in a revealing book that was i thought going to bore me to tears. "bull by the horns." i thought i would fall asleep reading this. i did not. it crackles with horrible stories about powerful people. i'm kidding. you don't do that at all. i did go pack and remember that and covering that, covering you at the time. i didn't realize all the behind the scenes stuff and the desperate stuff. i remember a lot money. you were the person in the room, i remember this then, you were just saying, hello? hello? hello? >>guest: there was a lot visceral reaction. we did not even, today, why think we did enough analysis to what we did, was it helpful? were there other things that could be better. >>neil: why was this a rush? >>guest: it the up. i go back to bear stearns, with the expectations that were created, and that happened early in 2008, there was not a crisis. there was never, i thought, a clear public explanation of why the government needed to intervene to assist a transaction, a sell of bears sterns to j.p. morgan. i didn't know why it was systematic. that set up
FOX Business
Sep 26, 2012 9:00pm EDT
was chairman of the fdic and he was secretary of the treasury. so, and before that he was president of the new york fed, and i think they fought quite a bit. so it doesn't surprise me she went after him in the book. cheryl: william, you were the chairman of the fdic back in the early '90s, but, you know, you fault treasury -- you're very specific -- you fault treasury with a lot of the nation's problems saying the bush and obama administrations was wrongly put, faith was wrongly put on geithner himself. why that take from you at this point? >> well, i think that the whole crisis was bungled badly, and that's really what the book that i wrote is about. that's why it's titled "how washington failed america." washington failed america, first, by allowing this crisis to develop. we had very wrong-headed policies over the previous decade or so that regulatory policies that allowed this situation to develop. and then once the crisis hit, the crisis was terribly mishandled by the treasury. treasury shouldn't be in charge of crisis management in the financial system because it is a highly p
Sep 5, 2012 5:00am EDT
the fdic $10 million. >> internet sites were buzzing with conspiracy theories a social security administration posted a notice it was purchasing 174,000 hollow point bullets. the site claimed they must be for use against social security citizens. >> and chuck norris has put out a video asking people to vote for mitt romney. >> and that's your morning dish of scrambled politics. >> now here is your first at how wall street will kick off the day. the dow closed at 1335. the s&p was down a point but the nasdaq gained 8. in tokyo the nikkei sank 95 points while in hong kong the hang seng plunged to 84. august manufacturing fell for the third straight month and the sector hired the fewest workers since late 2009. in addition, july construction spending fell the most in the year. in fact, gold hit a nearly six-month high on heightened stimulus expectations. on the bright side august car and truck sales were up 20% over a year ago. honda and toyota led the way compared with earthquake affected sales a year ago. general motors, ford and chrysler each reported more than 10% increases. ap
Sep 12, 2012 6:00am EDT
banks, frankly, because the fdic fought off the advanced approaches and we had a leverage ratio. >> joining us now this morning is the former chairman and ceo of wells fargo and we are very happy to have you at this table. and i want to start by apologizing to you. we had you on over the summer and we got into a spirited conversation and we had to go through a whole series of production issues, but it had nothing to do with where you were going with that conversation. we wanted to continue with that conversation this morning. and so i thought i'd start there given what sheila just said, given the history which is, i remember when you were offered t.a.r.p. originally, you were one of the only executives to push back on it, and yet hank paulson and sheila bair were saying, if you don't take it, we'll come after you. >> right. that's what happened. >> now how do you feel about her saying you didn't need it. >> well, this isn't about wells fargo. the goal they were trying to achieve was not only not going to be achieved but the opposite of what happened. and that the goal was that i
FOX Business
Sep 27, 2012 11:00am EDT
postal service continues. dagen: and former chief of the fdic sheila baer to tell you what's wrong with your banks how to fix it. connell: new book out, some controversy there, we will talk to her about it. at the top of the hour let's talk to nicole petallides right now and every 15 minutes with stocks now. looking at a big merger today. nicole: that's right. focus on the merger in the mattresses business. everybody knows sealy and everybody knows tempurpedic. these are getting together. you have tempurpedic agreeing to acquire the rival sealy at a 2.8% premium and combines the two companies, they are just more highly leveraged in order to be able to combine their strong assets. they will though still operate separately in many ways, so we'll continue to follow but temper-pedic. look at that. back to you. connell: nicole thank you. dagen: take a look at this. the u.s. economy growing at a very weak 1.3% in the second quarter, revised down from 1.7%. that is, well, lousy. connell: deputy editor at the "wall street journal"'s editorial page is here to tell us it's always the economy
Sep 29, 2012 5:00am PDT
program we're going to be speaking with sheila bair the former fdic chairman. she was running the fdic at the time. they come in and clean up the banks after they go one. we know those four years, in the span of two years after that the financial crisis unfolded, many banks, lehman brothers, bear stearns, merrill lynch these household names, gone. >> you guys both economic reporters. do you remember what you were doing that day? >> somewhat blurred. i never experienced such an incredible sort of wave of stuff. you're working on five different stories at the same time because it was one thing after another. like when you're in the ocean and the waves keep coming. that's the way it felt like. it was relentless. >> every time i would get a phone call or a look down at my blackberry i was nevus because the emails coming in were constantly -- it was a barrage of negative news and you never knew what to look for next. i remember the bear stearns e-mail that sunday night when it turned out bear stearns was going under getting bought out for $2. i was working for cnbc at the time. everybody sa
Sep 27, 2012 12:00pm PDT
the fdic. sheila, welcome, and thank you for being with us. >> thank you for having me. >> assert in this book that the bailouts in 2008 and 2009 were overly generous and most of these companies were not, in fact, too big to fail. who gets the blame for that? whose decision was na? >> the underlying philosophy in 2008 and 2009 was that you stabilize the large financial institutions and make them profitable again, that's going to benefit the broader economy. it didn't work out. i think it's important that we not confuse what's in the big financial institution's interests and what's in the nation's interests. i think there was some confusion there. we did what we had to do, and in 2008 we were in a crisis situation. in 2009 even after the system had stabilized we still continued pretty generous bailout policies, and nobody was ever restructured, closed, forced to sell bad assets, fired. we just didn't impose any builtability on some institutions which contributed to the crisis. >> sheila, please tell me we put stop gaps in place to keep another crisis from happening? >> i think it's be
Sep 29, 2012 8:00am EDT
back. we'll talk with sheila bair, former chairwoman of the fdic. you're watching cbs "this morning saturday". i love my extrabucks rewards, and right now, they're doubling! so, when i shop -- i earn twice as much with double extrabucks rewards. that's two times the rewards! yeah, that's what double is. i know. i was agreeing with you. it's two times. act fast and sign up at for double quarterly extrabucks rewards. don't miss getting double quarterly extrabucks rewards. i love 'em! hgotta start the day off right. wardrobe. cute. then new activia breakfast blend. a great way to help start the day. mmm... creamy lowfat yogurt with grains in yummy breakfast flavors, like apple cinnamon. its hearty, with twice the protein of regular lowfat yogurt and helps regulate your digestive system. our morning routines are important, aren't they? new activia breakfast blend. the not so pretty truth about their body washes. i wouldn't change. [ female announcer ] this test paper was designed to react like your skin. if other body washes can strip this paper, imagine how harsh th
FOX Business
Sep 25, 2012 11:00pm EDT
take a time out. >> she was anointed by the -- appointed by the way, 5 members of the fdic were appointed. she was appointed by bush, 200 2006-2011. neil: she is a republican. >> a middle of the road republican. neil: she balked at the large sums. we don't have time to dither here. now many have argued had we not done that the world would not look like it does today, which is my point, i am not a fan of how the world looks today. she said, we'll beata again we have done nothing to correct >> we have free market friends that said they were for the bailout, but she said, if we broke up 6 citibank into oppone, they should not rely on federal reserve to bail them out, this is our money they are bailed out with. neil: and it does affect their behavior, the whole idea with lehman brothers going under, a feeling they were holding back a u.s. rescue to get a better deal. but i wonder now, she said, that this notion that too big to fail has been put off the table. she likes to think that is a worthy goal. that if bank of america hits the fan or a citi hits fan i doubt we would not rescue
Sep 25, 2012 4:30pm PDT
among those making the decisions. she was the chairman of the fdic and has written about the financial crisis in a new book, "bull by the horns. " she join us tonight from the nasdaq. sheila, congratulations on the book. quite a read to relive those days and months four years ago. after all the billions of dollars spent and the millions of homes foreclosed on, you wrote, i wonder if we overreacted. you say the generosity of the response troubles you, why? >> the generosity of the banks. we clearly needed to do something. weeshtd have done more to get the homeowners restructured and clean up the banks balance sheet, by making tm clean up the losss and clean up the balance sheets, especially sick ones like citigroup. so some areas we didn't do enough, in banks we were lavish in the aim of mony and support we gave them. >> tom: do you regret that? >> well, i do. a lot of this is retrospective. you look back on this, and most of them only had a quarter loss, and paid by the end of 2009, and i think, you know, it troubles me, the narrative of the bailouts is th made monoa cash flo
Sep 13, 2012 4:30am EDT
defense companies are in merger talks. >>> according to the fdic, the number of u.s. families without bank accounts grew by 821,000 between 2009 and 2011. that means nearly 10 million americans or a little more than 8% of the nation's population don't have a checking or banking account, mostly because they don't have enough money to open and fund one. >>> finally, say so long to free eating at mcdonald's. they'll list calorie information on menus in more than 14,000 restaurants and drive throughs beginning next week. >>> well, the phils fear the marlins, the o's walk off, and redskins fans now have a pos of their own. plus twin blasts by the bombers help keep pace. >>> we're looking at perfect baseball weather for a good stretch of the nation today. will that last until friday? we'll check on the forecast. you're watching "early today." [ female announcer ] with swiffer dusters, a great clean doesn't have to take longer. i'm done. i'm gonna read one of these. i'm gonna read one of these! [ female announcer ] unlike sprays and dust rags, swiffer 360 duster's extender gets into
Sep 28, 2012 4:30pm PDT
one like a parent with capital or the fdic to supply capital if there's that kind of race for the et. >> reporter: three options are on the table. instead of a fixed value of $1, money market funds could be required to use a floating value. regulators are also considering whether money market fund companies should hold some of their assets as a buffer against a surge in withdrawals or whether to require investors to wait before they can get back a portion of their money. the s.e.c. could try again to pass new rules, but if it doesn't, the stability council could decide some big money market funds need closer regulation. that idea worries fund companies. >> it would result in significantly more costs and regulation and who would want to invest in a fund that the federal government has designated as systemically important? >> reporter: new rules may also push cash into unregulated investments or bank accounts. >> and putting even more money into the banking system and more burdens onto its insurance system seems to me the opposite direction from the way we want to be going when we a
Sep 14, 2012 5:00pm EDT
thinking about getting rid of your account, you're in the alone. a new fdic report shows there are nearly 10 million american households living without a checking or savings account. the south has the largest percentage of residents without an account at 10%. the national average is 8.2%. the report says some of the reasons people don't use banks high fee ors a mistrust of banks. >>> giving your little ones antiobiotics make as lot of parents nervous, but a new study may give you more pause. why the scientists believe the drugs may set kids up for being overweight. >>> and a terrified mom freaks out when her kinder garter in never gets off the bus from school. >>> and papparazzi captures scandalous pictures of kate middleton sunbathing topless. what the royals are doing to fight back. >>> in tonight's health alert, the link between divorce and stroke. a study suggests men from divorced families have a higher risk of stroke. researchers fund adult men are three times more likely to have a stroke if their parents divorced before they reached age 18. scientists can't pinpoint a reason for th
Sep 23, 2012 7:30pm EDT
the show for today. thanks so much for being with many me next week, former fdic chair sheila bair. each week keep it right here where wall street meets main street. have a great week, everybody. i'll see you next weekend. to compete on the global stage. what we need are people prepared for the careers of our new economy. by 2025, we could have 20 million jobs without enough college graduates to fill them. that's why at devry university, we're teaming up with companies like cisco to help make sure everyone's ready with the know how we need for a new tomorrow. [ male announcer ] make sure america's ready. make sure you're ready. at ♪ extra curricular activities help provide a sense of identity and a path to success. joining the soccer team. getting help with math. going to prom. i want to learn to swim. it's hard to feel normal, when you can't do the normal things. to help, sleep train is collecting donations for the extra activities that, for most kids, are a normal part of growing up. not everyone can be a foster parent... but anyone can help a foster child.
Sep 13, 2012 4:00am PDT
. that number of americans fell to 15.7% last year. meanwhile, the fdic found americans are backing off banking. the agency found around 10 million u.s. households do not have checking or savings accounts. meanwhile on the home front, are you having trouble selling your house? getting your home off the market might be a click away. kevin mcguire of vht joins us with tips on how to snap the right shot of your home. good to have you on the show today. > > thanks for having me. > > we talk a lot about curb appeal. you say picture appeal just as critical. why is that? > > in today's market everyone is searching online, and if you think about how you would search, you type in where you want to live, beds, baths, and the range you can afford. and then it's an online beauty contest. > > you brought some photos with you, including a before and after shot of a home, and that was done by, what, the homeowner? > > it was either done by the homeowner or an agent that used their own camera or and iphone or something like that. > > and you believe you can really make a big difference. > > absolutely.
Sep 29, 2012 12:30am EDT
fdic chair sheila bair. we'll talk about our efforts to regulate wall street. that is next time. we will see you then. >> there is a saying that dr. king had that said there is always the right time to do the right thing. i try to live my life every day by doing the right thing. we know that we are only halfway to completely eliminating hunger and we have work to do. walmart committed $2 billion to fighting hunger in the u.s. as we work together, we can stamp hunger out. >> and by contributions to your pbs station from viewers like you. thank you. >> be more.
FOX Business
Sep 30, 2012 2:30am EDT
banks have recovered from the meltdown four years ago but the woman who ran fdic says we are still at risk of another major financial crisis. we are talking the inside story of the big banks and the risk they pose to us right here. right now. >> from the fox business network headquarters in new york city, it is' the "tom sullivan show" with your host, tom sullivan. >> here is what i have at the stop, she was there on the septembe
Sep 14, 2012 8:00pm PDT
of cost-benefit analysis like the sec, fdic and the fcc. this bill is being pushed by republicans who want to stop any regulations relate to go financial reform. they're trying to create another hurdle an opportunity to intervene before the already delayed dodd frank regulations check in. these lawmakers are using the responsible-responding buzz-sounding buzzfeed. well, the cost of the economic cataclysm of 2008 has now been calculated to be about $12.8 trillion. see the careful and thought report by group better markets. the cost of regulations surely would have been less than the cost we incurred by not having them. and do we need to debate the benefit to society of the disaster. the independence of these agencies should not be sacrifice. but my dear republicans be consistent. at the same time the republican party is pushing to stop any rules or regulations relating to the financial markets where we know fraud is still rampant they've passed all sorts of voter i.d. laws that pose enormous cost and burdens in our society yet they cannot shows any circumstantial evidence of voter
Sep 28, 2012 10:00pm PDT
class action suit arguing unfair practices after the fdic reached an $11 million settlement for unfair and deceptive practices the company launched a new account you play a fat fee to avoid other fees. that adds up to $59 a year more than the average the $49 that hire 1 says most newspaper >>> that is money man for education not to be siphoned off by profits for banks >>> the card was traded back to yale graduate 2000 >>> the company responded to our question and an e-mail saying their program allows students to receive funds faster there are no hidden fees colleges and universities save millions to go electronic and the account is cheaper than the top for national banks and a prepaid cards we survey ever quarter. >>> i close the account >>> going back to the old fashion way of student aid >>> it's ridiculous to get away with this deal it is highway robbery that is a lot of money for students >>> what about the schools that are signing up for the program the american association of community colleges had no comment san joaquin delta college said it signed up because of students get fin
Sep 10, 2012 6:00am EDT
finance. special look at the sector, regulation and investments. former fdic chair, sheila bair, is back after this. >> comments, questions, send them to @squawkcnbc on twitter, follow the show and look for updates from andrew, joe, becky and the "squawk" staff. "squawk box" on cnbc and on twitter. bob... oh, hey alex. just picking up some, brochures, posters copies of my acceptance speech. great! it's always good to have a backup plan, in case i get hit by a meteor. wow, your hair looks great. didn't realize they did photoshop here. hey, good call on those mugs. can't let 'em see what you're drinking. you know, i'm glad we're both running a nice, clean race. no need to get nasty. here's your "honk if you had an affair with taylor" yard sign. looks good. [ male announcer ] fedex office. now save 50% on banners. >>> in addition to the fed, investors will watch the latest developments out of europe this week. joining us is jim o'neill, chairman of goldman sachs asset management. i think about you, jim, and you had a long-term perspective i would describe as sanguine and we've had, if
Sep 29, 2012 1:00pm EDT
would advocate. >> one thing that worked that fdic when you went in to take care of a bank on a friday evening, you had a whole system. you knew how it would unfold. you advocated that sort of system. to what degree does that sort of system exist? >> the fdic has come forward with protecting taxpayers from taking any exposure. i think they need more support from both the treasury department and the fed. i would like to hear the presidential candidates talk more about the doctrine too big to fail and it needs to be over. every level of government needs to make clear, there are no more bailouts. you get in trouble and you're taking losses and your counterparties are taking losses and i don't hear that a lot in the presidential campaign and i wish we would hear more of it. >> ali, i think this is a fabulous conversation and i wish this were something that anybody in washington would talk about. this is not something on a front burner for people who are in leadership and congress or frankly in the white house. i mean, the white house the pushout are these executive actions to try to
FOX Business
Sep 29, 2012 6:00pm EDT
years ago but the woman who ran fdic says we are still at risk of another major financial crisis. we are talking the inside story of the big banks and the risk they pose to us right here. right now. >> from the fox business network headquarters in new york city, it is' the "tom sullivan show" with your host, tom sullivan. >> here is what i have at the seop, she was there on the
FOX Business
Sep 29, 2012 9:00pm EDT
banks have recovered from the meltdown four years ago but the woman who ran fdic says we are still at risk of another major financial crisis. we are talking the inside story of the big banks and the risk they pose to us right here. right now. >> from the fox business network headquarters in new york city, it is' the "tom sullivan show" with your host, tom sullivan. >> here is what i have at the stop, she was there on the seem
Sep 23, 2012 3:30pm PDT
progressive income tax? have you heard about the $10 million amount of money that bain received from the fdic. the companies that bain owned were receiving tax breaks as well. redistribution is the way government operates. the only political issue is who pays and who benefits. that's the real political debate. so let's have it. >> president reagan, who created the earned income tax credit. which bill clinton had expanded on. and that probably is classic redistribution. it is not over the top karl marx however. >> why can't you say something at this point? >> john, i have the feeling you think i have to defend the 1% or something like that. [ laughter ] >> i don't defend the 1%. i actually believe in higher taxes on the wealthy. i supported it when the president introduced it in this particular thing. i do think we need to do things that require the participation of the wealthy. otherwise the politics will never let us do anything to get our budgets under control and our deficits under control. >> let's sober up a little bit. $16trillion in debt. >> that's right. >> $6 trillion has been added
Sep 14, 2012 12:00pm CDT
actually closing their accounts? a new fdic report suggests nearly ten million american households are living without a checking or savings account. southern states have the largest percentage of "unbanked" residents - nearly ten percent. the report says some reasons people don't use financial institutions are lack of money high bank fees, or mistrust of banks. just one hour after the new i- phone five was available on the online store, apple has already had to push back the shipping date. apple initially promised a release date of september 21st... but the pre-order page for the phone now says all models will be shipped in two weeks if ordered online today. the i-phone five is also available through its phone carriers... at&t, verizon and sprint... all of which are reporting an expected delivery date of september 21st. next: several chicago area marines receive the highest military honor. also coming up: you're aware of service dogs for the visually impaired... how one organization is training "mans best friend" to help diabetics. and live music this day from kelly hogan! noú]@?@ó@,
Sep 26, 2012 3:00am PDT
. >> evan, thank you so much. >> stay with us if you can. >>> still ahead, former chair of the fdic sheila bair joins us. she's out with a new tell-all book about her experiences and lessons learned from the financial crisis. >>> and next, former british prime minister, gordon brown, joins us right here on set. you're watching "morning joe" brewed by starbucks. ♪ leaving my homeland ♪ playing a lone hand ♪ my life begins today ♪ ♪ fly by night away from here ♪ ♪ change my life again ♪ ♪ fly by night, goodbye my dear ♪ ♪ my ship isn't coming ♪ and i just can't pretend oww! ♪ [ male announcer ] careful, you're no longer invisible in a midsize sedan. the volkswagen passat. the 2012 motor trend car of the year. that's the power of german engineering. >>> king abdullah, of course, is in new york for the u.n. general assembly or as we like to think of it, the reason i can't get to work because of traffic! the event has always a veritable gathering of the international diplomatic juggalos. with libya in turmoil, syria inflames iran, an incredible opportunity for our pres
FOX Business
Sep 4, 2012 12:00am EDT
banks under a certain amount of assets were supposed to be exempt. they were told by the fdic to increase their capital and they temporarily increased their capital and that put them over the level. your question wasn't just why they got the exception, why a guy obama bundler got the exception. we ought to be clear about that. melissa: okay. clearly the congressman didn't like my line of questioning but he was good sport throughout the interview. congressman if you are watching we would love to have you back anytime. >>> so here is another great "money" moment. paul krugman may have a noble prize i always sort of wondered if he is a little bit off. krugman said a handful of times all it takes to save the economy for the government to spend a ton of cash. turns out i'm not only one who thinks there is something not quite right with this guy. turns out brian wesbury agrees. you say you have the math to prove he is sort of off his rocker so let it rip. >> well, i was asked earlier today what i thought about his idea to stimulate the economy by spending more and i said, it wouldn't w
Sep 25, 2012 7:00am EDT
week what is the fdic saying to banks? guest: with about 10 banks they are offering a particular checking account with no overdraft fees, very low fees. called the model safe account. webcan go on the fdic's site for more information. host: how is it the banks cannot charge them fees to make money? guest: i guess the banks feel you can make the money in fees that are transparent, and consumers know up front this is what they will be spending rather than finding out in the end. host: a republican caller, brian. caller: i am curious. on the cards people get, i am disabled and i receive a disability check every month, i have a bank that is a union-type of banked. the way the banks can make money is they use everybody's money and do investments. they keep your savings to gather and they get part of the money that is used altogether, if i am correct -- i might be wrong. i'm not sure. but the cards, it's like the fleecing of america. i don't know why people would not just go ahead and use cash instead of cards. the money i saved by throwing my cards away was unbelievable. keep it a bet
Sep 26, 2012 6:00am EDT
up, former chairwoman of the fdic, sheila bair, and has tough words for treasury secretary tim gehner. mo "morng jo in st a mome. ♪ [ male announcer ] it started long ago. the joy of giving something everything you've got. it takes passion. d it notti up ytimon at unitedhealthcare insurance company, we understand that commitment. and always have. so does aarp, an organization serving the needs of americans 50 and over for generation so it's no surprise millions have chosen an ap medica supplemen insuncan insured by unitedhealthcare insurance company. like all standardized medicare supplement plans, they help cover some of the expenses medicare doesn't pay. and save you up to thousands in out-of-pocket costs. to find out more, request your free decn ide. call or go online today. after all, when you're going the distance, it's nice to have the experience and commitment to go along with you. keep dreaming. keep doing. go long. >>> would you say he is frugal or cheap in. >> cheap. >> wow, really cheap. okay. wow. >> do you want to ow what he does? when we leave the house, he turn
Search Results 0 to 49 of about 95 (some duplicates have been removed)